Reply #57: There's a definite slowdown in my San Diego neighborhood [View All]

[Zorro]

There's a couple of nice homes that have been on the market for over 5 months now, and the prices don't seem unreasonable compared to what I've seen in other areas of the county.

And the year-to-year price increase for my zip code was only 3% for July.

IMHO prices are stagnating here. I think the bloom is off the San Diego housing rose; the next 6 months should indicate whether the prices will hold steady for the short term.

But I'd bet on a gradual price decline.